Maximum Principal Payment definition

Maximum Principal Payment for any Class of Notes and Payment Date means the related Investor Fixed Allocation Percentage of the Principal Collections from the Mortgage Loans in the related Loan Group for the Payment Date.

Maximum Principal Payment. With respect to the Notes and (i) any Payment Date during the Managed Amortization Period, the Net Principal Collections and (ii) any Payment Date during the Rapid Amortization Period, 100% of the Principal Collections relating to such Payment Date.

Maximum Principal Payment. With respect to any Distribution Date, the Investor Fixed Allocation Percentage of the Principal Collections for such Distribution Date.

Examples of Maximum Principal Payment in a sentence

• If a Rapid Amortization Event as described in Article XII shall have occurred and be continuing, the Noteholders shall be entitled on each Payment Date to an amount equal to the Maximum Principal Payment and Interest Payment Amount for such Payment Date payable during such Rapid Amortization Period.

• If a Rapid Amortization Event as described in Section 5.08 of the Sale and Servicing Agreement shall have occurred and be continuing, the Noteholders shall be entitled on each Payment Date to an amount equal to the Maximum Principal Payment and Interest Payment Amount for such Payment Date payable during such Rapid Amortization Period, payable in accordance with the priorities set forth in Section 5.08 of the Sale and Servicing Agreement.

• If a Rapid Amortization Event, with respect to a Class of Securities, as described in Article XII shall have occurred and be continuing, the Rapid Amortization Period with respect to such Class of Securities shall immediately commence and the related Securityholders shall be entitled on each Payment Date to an amount equal to the Class A-1 Maximum Principal Payment or the Class A-2 Maximum Principal Payment, as applicable, payable during such Rapid Amortization Period.

• If a Rapid Amortization Event as described in Article VII of the Transfer and Servicing Agreement shall have occurred and be continuing, the Noteholders shall be entitled on each Payment Date to an amount equal to the Maximum Principal Payment and Interest Payment Amount for such Payment Date payable during such Rapid Amortization Period, payable in accordance with the priorities set forth in Section 5.03 of the Transfer and Servicing Agreement.

• If a Rapid Amortization Event, with respect to a Class of Notes, as described in Article XII shall have occurred and be continuing, the Rapid Amortization Period with respect to such Class of Notes shall immediately commence and the related Noteholders shall be entitled on each Payment Date to an amount equal to the Class A-1 Maximum Principal Payment or the Class A-2 Maximum Principal Payment, as applicable, payable during such Rapid Amortization Period.

More Definitions of Maximum Principal Payment

Maximum Principal Payment. With respect to any Class and Distribution ------------------------- Date, the Investor Fixed Allocation Percentage of the Principal Collections from the Mortgage Loans in the related Loan Group for such Distribution Date.

Maximum Principal Payment. With respect to any Payment Date, the Fixed Allocation Percentage of the Principal Collections relating to such Payment Date.

Maximum Principal Payment. With respect to any Distribution Date, the ------------------------- product of the aggregate amount of Principal Collections for the related Collection Period and the Certificateholders' Fixed Allocation Percentage as of the first day of such Collection Period.

Maximum Principal Payment. As to any Distribution Date, an amount ------------------------- equal to the Fixed Allocation Percentage of the aggregate amount of Trust Principal Collections received during the related Collection Period.

Maximum Principal Payment. With respect to the Class A Notes and (i) any Payment Date during the Managed Amortization Period, the Net Principal Collections and (ii) any Payment Date during the Rapid Amortization Period, 100% of the Principal Collections relating to such Payment Date.

Maximum Principal Payment for any Payment Date means the Investor Fixed Allocation Percentage of the Principal Collections for the Payment Date.

Maximum Principal Payment means, with respect to any Distribution ------------------------- Date, the Fixed Allocation Percentage of the Principal Collections for such Distribution Date.